Description

A comprehensive issues paper covering the proposed changes to tax residential property sold within two years has just been released and like they say “THE DEVIL IS IN THE DETAIL”.

The Issues Paper is comprehensive in its coverage.  It introduces new concepts of acquisition date and disposal date specifically for these rules, as well as several new definitions.  Exceptions and roll over reliefs abound.  There are, however, some very harsh outcomes which arise from the proposed changes including surprising limitations on the “main home” exclusion, ring fencing of losses on sale, and limits on allowable deductions.

Join Phil Bell for this 75 minute webinar which will focus on the core recommendations relating to the income tax treatment of residential land sales, highlight some unanticipated outcomes, and identify areas needing further attention.

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